Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets Measured on Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description  Level   March 31, 2021   December 30, 2020 
Assets:               
Marketable securities held in Trust Account   1   $13,542,749    13,545,503 
Liabilities:               
Warrant Liability – Private Warrants   3    770,250      
Schedule of Binomial Lattice Model for Private Warrants

The key inputs into the binomial lattice model incorporating the Cox-Ross-Rubenstein methodology for the Private Warrants were as follows at March 31, 2021:

 

Input  March 31, 2021  
Risk-free interest rate    0.87%
Dividend yield    0.00%
Selected volatility    25.2%
Exercise price   $11.50 
Market Stock Price   $10.27 
Schedule of Changes in Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of warrant liabilities for the period:

 

   Private 
      
Fair value as of March 31, 2021  $770,250